Great Southern Bancorp (NASDAQ:GSBC) Issues Earnings Results

Great Southern Bancorp (NASDAQ:GSBC) issued its quarterly earnings data on Wednesday. The financial services provider reported $999.00 EPS for the quarter, topping the consensus estimate of $1.29 by $997.71, Zacks reports. Great Southern Bancorp had a net margin of 20.70% and a return on equity of 11.33%.

Great Southern Bancorp Stock Performance

NASDAQ:GSBC traded up $0.08 during trading hours on Wednesday, reaching $67.58. The company had a trading volume of 77,899 shares, compared to its average volume of 68,490. The firm has a market cap of $740.68 million, a price-to-earnings ratio of 10.90 and a beta of 0.46. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.04. The firm’s 50 day moving average price is $63.31 and its 200-day moving average price is $61.67. Great Southern Bancorp has a 52 week low of $50.95 and a 52 week high of $68.74.

Great Southern Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 14th. Stockholders of record on Monday, March 30th were issued a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend was Monday, March 30th. Great Southern Bancorp’s payout ratio is presently 27.74%.

Insider Buying and Selling at Great Southern Bancorp

In other news, CEO Joseph W. Turner sold 6,000 shares of Great Southern Bancorp stock in a transaction on Monday, January 26th. The shares were sold at an average price of $60.74, for a total transaction of $364,440.00. Following the transaction, the chief executive officer owned 137,382 shares in the company, valued at $8,344,582.68. This trade represents a 4.18% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Thomas J. Carlson sold 2,000 shares of the company’s stock in a transaction on Wednesday, January 28th. The stock was sold at an average price of $59.89, for a total value of $119,780.00. Following the completion of the sale, the director owned 100 shares of the company’s stock, valued at $5,989. This trade represents a 95.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 14,680 shares of company stock valued at $885,376. 29.75% of the stock is owned by company insiders.

Institutional Trading of Great Southern Bancorp

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Russell Investments Group Ltd. raised its holdings in shares of Great Southern Bancorp by 1,301.8% during the 3rd quarter. Russell Investments Group Ltd. now owns 771 shares of the financial services provider’s stock worth $47,000 after acquiring an additional 716 shares in the last quarter. Quadrant Capital Group LLC purchased a new position in shares of Great Southern Bancorp in the 3rd quarter worth $128,000. Walleye Capital LLC purchased a new position in shares of Great Southern Bancorp in the 2nd quarter worth $206,000. Comerica Bank increased its holdings in shares of Great Southern Bancorp by 22.5% in the 3rd quarter. Comerica Bank now owns 3,951 shares of the financial services provider’s stock worth $242,000 after buying an additional 726 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC bought a new stake in shares of Great Southern Bancorp in the 4th quarter worth about $246,000. 41.66% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on GSBC shares. Weiss Ratings restated a “buy (b-)” rating on shares of Great Southern Bancorp in a report on Monday, December 29th. Zacks Research upgraded shares of Great Southern Bancorp from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 16th. Finally, Keefe, Bruyette & Woods lifted their target price on shares of Great Southern Bancorp from $61.00 to $63.00 and gave the stock a “market perform” rating in a report on Friday, January 23rd. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $60.50.

About Great Southern Bancorp

Great Southern Bancorp, Inc (NASDAQ: GSBC) is the bank holding company for Great Southern Bank, a full-service commercial bank headquartered in Springfield, Missouri. Through its subsidiary, the company provides a broad spectrum of financial products and services designed to meet the needs of individuals, small and mid-sized businesses, and professional clients across its regional footprint.

Great Southern Bank’s core business activities include deposit-taking, lending and treasury management.